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Alien Ltd has a substantial loan receivable from Highest Holdings, which is a going concern. Currently, Alien Ltd holds 3 0 % of voting shares,

Alien Ltd has a substantial loan receivable from Highest Holdings, which is a

going concern. Currently, Alien Ltd holds

30 %

of voting shares, and another

major shareholder holds

45 % .

Due to financial stress, Highest Holdings has

agreed to convert the loans payable into shares if it becomes eminently likely

to go into administration.

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